Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Hits New 1-Year High – Time to Buy?

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.45 and last traded at $43.42, with a volume of 10703 shares traded. The stock had previously closed at $43.08.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

The stock has a market capitalization of $1.54 billion, a P/E ratio of 25.09 and a beta of 0.88. The stock has a fifty day moving average price of $41.68 and a 200 day moving average price of $42.21.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.189 dividend. This is an increase from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, February 27th.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 27,469 shares of the company’s stock worth $1,103,000 after purchasing an additional 514 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 32.8% in the fourth quarter. Sunbelt Securities Inc. now owns 18,431 shares of the company’s stock worth $783,000 after buying an additional 4,548 shares during the last quarter. BNB Wealth Management LLC bought a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the fourth quarter worth approximately $1,267,000. Advisory Services Network LLC grew its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.4% during the fourth quarter. Advisory Services Network LLC now owns 54,584 shares of the company’s stock valued at $2,319,000 after buying an additional 1,267 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter valued at approximately $349,000.

About Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.